55,000 Brazilians scammed out of $200M+ worth of fake cryptocurrency

A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil’s Central Bank. The scammers claimed to offer cryptocurrency investments and promised investors 15-percent returns on their capital, local news Correio Do Povo reports. The Federal Revenue Service said the company had managed to raise around R$850 million ($210 million) by February 2019...

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Central Bank [+]    Correio Do Povo [+]    Federal Revenue Service [+]    February 2019 [+]   

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